Small Caliber Ammunition Market Research and Forecast 2024-2033: Key Growth Segments and Trends

Global small caliber ammunition market size is expected to reach $11.79 Bn by 2028 at a rate of 3.3%, segmented as by caliber, 5.56 mm, 7.62 mm, 0.50 bgm, 9 mm, other calibers

Jul 3, 2024 - 16:04

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Small Caliber Ammunition Market Research and Forecast 2024-2033: Key Growth Segments and Trends

Overview and Scope
Small caliber ammunition refers to projectiles with relatively small diameters fired from firearms, including a cartridge or family of cartridges ranging from 22 MM to 30 MM. They are used for various pursuits, such as hunting, self-defence, and sport shooting.

Sizing and Forecast
The small caliber ammunition market size has grown steadily in recent years. It will grow from $9.99 billion in 2023 to $10.36 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to military modernization programs, global conflicts and defense spending, law enforcement demand, civilian firearm ownership, sport shooting and recreational activities.

The small caliber ammunition market size is expected to see steady growth in the next few years. It will grow to $11.79 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to global security concerns, counterterrorism operations, civilian firearms market trends, increasing participation in shooting sports, military and law enforcement training needs. Major trends in the forecast period include focus on training and simulation ammunition, global increase in defense budgets, strategic partnerships, emphasis on reduced environmental impact, customization and modular ammunition systems.

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Segmentation & Regional Insights
The small caliber ammunition market covered in this report is segmented –

1) By Caliber: 5.56 MM, 7.62 MM, 0.50 BGM, 9 MM, Other Calibers
2) By Bullet Type: Lead, Copper, Brass, Other Bullet Types
3) By Gun Type: Pistols, Rifles, Shot Guns
4) By End-User: Military, Homeland Security, Law Enforcement Agencies

North America was the largest region in the small caliber ammunition market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the small caliber ammunition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Rising military spending is expected to propel the growth of the small-caliber ammunition market going forward. Military expenditure is the sum of money a country spends to build and sustain its armed forces or other defense-related strategies. The military's expenditure on small-caliber ammunition guarantees that the armed forces have access to ammunition that can engage targets precisely, effectively, and with enough firepower, which enhances soldiers' efficiency on the battlefield. For instance, in June 2022, according to the Office of the Parliamentary Budget Officer, a Canada-based intergovernmental organization, total military spending is expected to increase from $36.3 billion in 2022–2023 to $51.0 billion in 2026–2027. Therefore, rising military spending drives the growth of the small-caliber ammunition market.

Key Industry Players
Major companies operating in the small caliber ammunition market report are General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems PLC, Olin Corporation, Elbit Systems Ltd., Norma Precision AB, Remington Arms Company LLC, FN Herstal SA, Nammo AS, Denel SOC Ltd., Fiocchi Munizioni SPA, RUAG Holding AG, Savage Arms, Hornady Manufacturing Company, Nosler Inc., ARSENAL JSCO, Armscor Precision, Sellier & Bellot, Sierra Bullets LLC, Black Hills Ammunition, Barnes Bullets LLC, CBC Global Ammunition, Winchester Ammunition Inc., Liberty Ammunition Inc., PMC Ammunition, Estate Cartridge Inc., Wolf Performance Ammunition, Magtech Ammunition Company Inc., Aguila Ammunition, Prvi Partizan A.D.

The small caliber ammunition market report table of contents includes:

1. Executive Summary
2. Small Caliber Ammunition Market Characteristics
3. Small Caliber Ammunition Market Trends And Strategies
4. Small Caliber Ammunition Market - Macro Economic Scenario
5. Global Small Caliber Ammunition Market Size and Growth
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31. Global Small Caliber Ammunition Market Competitive Benchmarking
32. Global Small Caliber Ammunition Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fat Replacers Market
34. Small Caliber Ammunition Market Future Outlook and Potential Analysis
35. Appendix